Daily FNArena News

The recent slip in the spot uranium price became a plunge last week as selling outstripped buying interest. Term contract prices have also fallen

FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. FNArena takes note of recent changes to stock pick favourites and Conviction Lists.

May is considered a significant month as both companies and analysts harden their views on the upcoming financial year-end earnings reports.

Weekly update on recommendation, target price, and earnings forecast changes.

Australia’s economic transition will be significantly hampered by steeper than expected falls in resource sector construction, exacerbated by lower commodity prices, BIS Shrapnel concludes.

Nick Linton-Ffrost of Fifth Wave suggests the technicals suggest further downside for the ASX200, with a break of 5750 implying a move to 5500.

Manganese has suffered a similar fate to iron ore in the slowing of steel production growth but the upcoming South32 de-merger has reinvigorated interest in the outlook for the metal.

This week’s Tweets on Twitter by Your Editor.

March quarter sales were strong across Wesfarmers’ main retail divisions but brokers highlight the challenges of keeping all the balls in the air.

FNArena’s weekly update on short positions in the Australian share market.